XML 64 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Interest and fees on loans and leases $ 29,572 $ 28,040 $ 58,174 $ 54,923
Interest and dividends on investment securities:        
Taxable interest 8,277 8,476 16,427 17,972
Tax-exempt interest 1,010 1,000 2,008 1,994
Dividends 8 1 17 2
Interest on deposits in other banks 11 8 22 15
Dividends on Federal Home Loan Bank stock 18 11 29 23
Total interest income 38,896 37,536 76,677 74,929
Interest on deposits:        
Demand 99 91 194 181
Savings and money market 225 223 448 447
Time 549 621 1,097 1,251
Interest on short-term borrowings 79 55 122 72
Interest on long-term debt 650 640 1,287 1,276
Total interest expense 1,602 1,630 3,148 3,227
Net interest income 37,294 35,906 73,529 71,702
Provision (credit) for loan and lease losses (7,319) 1,995 (10,066) 679
Net interest income after credit for loan and lease losses 44,613 33,911 83,595 71,023
Other operating income:        
Service charges on deposit accounts 1,915 1,989 3,883 3,982
Loan servicing fees 1,427 1,448 2,850 2,892
Other service charges and fees 2,781 3,083 5,886 6,026
Income from fiduciary activities 830 828 1,664 1,890
Equity in earnings of unconsolidated subsidiaries 229 359 325 411
Fees on foreign exchange 98 119 226 233
Investment securities gains (losses) (1,866) 240 (1,866) 240
Income from bank-owned life insurance 461 766 1,135 1,436
Loan placement fees 225 178 372 321
Net gain on sales of residential loans 1,630 1,227 3,224 2,466
Net gain on sales of foreclosed assets 94 582 127 744
Other 300 1,185 1,488 1,507
Total other operating income 8,124 12,004 19,314 22,148
Other operating expense:        
Salaries and employee benefits 15,176 16,550 32,341 33,984
Net occupancy 3,403 3,734 6,904 7,324
Equipment 933 945 1,842 1,741
Amortization of other intangible assets 1,559 1,318 3,664 2,558
Communication expense 942 874 1,766 1,768
Legal and professional services 1,642 2,228 3,861 4,040
Computer software expense 2,382 1,575 4,478 2,933
Advertising expense 449 678 1,084 1,364
Foreclosed asset expense 257 (17) 329 88
Other 5,715 5,003 10,207 9,018
Total other operating expense 32,458 32,888 66,476 64,818
Income before income taxes 20,279 13,027 36,433 28,353
Income tax expense 7,944 3,877 13,703 9,395
Net income $ 12,335 $ 9,150 $ 22,730 $ 18,958
Per common share data:        
Basic earnings per share (in dollars per share) $ 0.39 $ 0.25 $ 0.69 $ 0.49
Diluted earnings per share (in dollars per share) 0.39 0.25 0.68 0.48
Cash dividends declared (in dollars per share) $ 0.12 $ 0.08 $ 0.24 $ 0.16
Shares used in computation:        
Basic shares (in shares) 31,525 36,117 33,167 39,000
Diluted shares (in shares) 31,953 36,656 33,588 39,405